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What is Cyber One
- Cyber One is a direct attack to your computer hardware installing viruses, malware and ransomware.
INTENT: Protects businesses against damage to electronic data and computer systems from computer attack, disabling the functionality
Explanation of First Party and Third Party Coverage
First Party Coverage (Computer Attack)
Business operational software, operating systems and electronic data.
FIRST PARTY TRIGGER:
Damage or destruction of business operational data and software by way of a computer attack.
LOSS TYPES:
- Hacking
- Virus or other malicious code
- Denial of service attack
SUMMARY OF FIRST PARTY COVERAGE:
Costs of recovering from the computer attach, including
- Recovery of Data
- Repair of systems
- Loss of business
- Public relations expenses
First Party Coverage Limits
SECTION 1 OR FIRST PARTY COVERAGE:
** can be purchased separately or combined with Section 2
Limits
- Full - $50,000
- $100,000
Full Coverage Includes:
- Data Restoration
- Data Re-creation
- System Restoration
- Loss of Business
- Public Relations Services
Limits - $50,000
- Limited Coverage Includes:
- Data Restoration
- System Restoration
Third Party Coverage (Network Security Liability Coverage)
Costs of defense, costs of settlement or judgement
THIRD PARTY TRIGGER: Triggers when the Insured receives a Third Party suit or claim alleging that a failure of the Insured’s computer security allowed one of the following to occur:
- Breach of that third party’s business information
- Transmission of malware to that third party
- Denial of service attack targeting that third party
Third Party Coverage Limits
SECTION 2 OR THIRD PARTY COVERAGE:
** cannot be purchased without Section 1
Coverage Type - Full
- $50,000
- $100,000
Full Coverage Includes:
- The untended propagation or forwarding of malware
- The unintended abetting of a denial of service attack
- A breach of 3rd party business information
Coverage Type - Limited - $50,000
Limited Coverage Includes:
- The untended propagation or forwarding of malware
- The unintended abetting of a denial of service attack